NYF iShares Trust New York Muni Bond ETF Investment and Performance

The NYF iShares Trust New York Muni Bond ETF is a popular investment option for those looking to invest in municipal bonds. It tracks the S&P Municipal Bond Index.

Investors can buy and sell shares of the ETF through various online trading platforms, such as Fidelity or Charles Schwab. The minimum investment required is $10,000.

The ETF has a net expense ratio of 0.22%, which is relatively low compared to other investment options. This means that investors can keep more of their returns.

So, you're wondering why you should consider NYF, the iShares Trust New York Muni Bond ETF? It's because you get targeted access to a specific subset of municipal bond issuers.

The iShares New York Muni Bond ETF has a diverse portfolio, holding bonds from various issuers in the state of New York. One of the largest holdings is the Dormitory Authority of State of New York, which accounts for 15.71% of the portfolio.

The top issuers in the portfolio include the New York City Transitional Fin Auth, New York City of, and New York City Municipal Water Finance Authority. These issuers collectively make up over 43% of the portfolio.

The portfolio also includes bonds from other notable issuers, such as the Metropolitan Transportation Authority and the Long Island Power Authority, which account for 4.54% and 4.22% of the portfolio, respectively.

Here's a breakdown of the top issuers in the portfolio:

As for performance, the iShares New York Muni Bond ETF has had a relatively strong month in December 2024, returning -1.2% and earning an A grade in the Muni New York Long category.

The holdings of a fund are a crucial aspect of its performance and risk profile. The DORMITORY AUTHORITY OF STATE OF NEW YORK holds a significant 15.71% of the fund's weight.

The top issuers in the fund's holdings are the DORMITORY AUTHORITY OF STATE OF NEW YORK, NEW YORK CITY TRANSITIONAL FIN AUTH, and NEW YORK CITY OF, with weights of 15.71%, 13.35%, and 8.70%, respectively.

The fund's holdings are diversified across various issuers, with the top 10 holdings accounting for 91.94% of the weighting.

Here's a breakdown of the top issuers in the fund's holdings:

The Net Income Ratio is a key metric that reveals the percentage of net income generated by NYF compared to its peers. NYF's Net Income Ratio is 1.83%.

NYF's Net Income Ratio is significantly higher than the Category Low of -0.53%. This suggests that NYF is performing better in terms of net income generation compared to its peers in the low-performing category.

The Category High is 5.33%, which means NYF's Net Income Ratio is still lower than the highest-performing category. However, NYF's Net Income Ratio is a respectable 57.17% in the NYF % Rank, indicating that it's doing relatively well compared to its peers.

Here's a comparison of NYF's Net Income Ratio with its peers:

The iShares New York Muni Bond ETF, also known as NYF, is a passively managed exchange-traded fund (ETF) that tracks the ICE AMT-Free New York Municipal Index.

The fund was launched in 2007 and seeks to track the investment results of the ICE AMT-Free New York Municipal Index, which is composed of investment-grade municipal bonds issued in the State of New York.

The fund invests at least 80% of its assets in the component securities of the index and at least 90% in fixed income securities of the types included in the index that BlackRock believes will help it track the index.

The management team has an average tenure of 8.51 years, with two members, James Mauro and Karen Uyehara, having joined in 2011 and 2021, respectively.

The ETF has a total of 657 securities in its portfolio, with the top 10 holdings constituting 6.5% of the ETF's assets.

The fund's portfolio allocation is 100.1% in domestic bond, with 0.0% in foreign bond and 0.0% in convertible bond.

Here is a breakdown of the fund's portfolio allocation:

The fund has a beta of 0.94 and an R-squared of 99%, indicating a low level of risk.

The total risk index is 0.48, which is classified as Low.

The NYF iShares Trust New York Muni Bond ETF is a great option for investors looking for a low-risk investment. It's designed to track the performance of the S&P National AMT-Free Municipal Bond Index.

The ETF invests in a diversified portfolio of municipal bonds, which are typically issued by local governments and other tax-exempt entities. This can provide a relatively stable source of income and potentially lower volatility.

The NYF ETF has a low net expense ratio of 0.15%, which can help keep costs down for investors.

The Premium/Discount section is a crucial part of investment information. It helps investors understand the performance of their investments relative to the market and a benchmark.

The Total Return for the 1-year period as of December 31, 2024, is 1.01%. This means that the investment has returned 1.01% over the past year.

The Market Price for the 1-year period as of December 31, 2024, is 1.13%. This is a higher return than the Total Return, indicating that the market price has appreciated more than the investment's value.

The Benchmark for the 1-year period as of December 31, 2024, is 1.17%. This means that the investment has underperformed the benchmark by 0.16% over the past year.

Here's a breakdown of the Total Return for different time periods as of December 31, 2024:

The After Tax Pre-Liq. for the 1-year period as of December 31, 2024, is 1.00%. This means that the investment has returned 1.00% after taxes and before liquidation.

The After Tax Post-Liq. for the 1-year period as of December 31, 2024, is 1.72%. This is a higher return than the Total Return, indicating that the investment has generated more value after taxes and liquidation.

The investment's performance over the past year is in line with the overall market trend, which returned 1.17% over the same period.

Operating fees are a crucial aspect of investing, and it's essential to understand what you're paying for. The fees can vary depending on the fund, but let's take a look at the fees associated with the iShares New York Muni Bond ETF.

The management fee for this ETF is 0.25%, which is a relatively standard rate. This fee is charged as a percentage of the fund's assets under management (AUM). You can find the exact breakdown of fees in the prospectus, but for now, let's focus on the overall expense ratio.

The expense ratio for the iShares New York Muni Bond ETF is also 0.25%, which means that for every dollar invested, you'll pay 0.25 cents in fees. This is a relatively low rate compared to other investment options.

Here's a summary of the operating fees for the iShares New York Muni Bond ETF:

As you can see, the iShares New York Muni Bond ETF has a relatively low expense ratio compared to other investment options. This is a key factor to consider when choosing an investment, as lower fees can lead to higher returns over time.

Distributions are a crucial aspect of investing, and understanding how they work can help you make informed decisions about your portfolio. You can receive distributions from your investments in various forms, including cash, stock, or other securities.

The frequency of distributions varies, with some funds distributing annually, while others do so quarterly or monthly. For example, the fund in Example 2 distributes capital gains annually, and its dividend distribution frequency is monthly.

The amount of distributions you receive will depend on the fund's performance and the underlying assets. In Example 1, the fund's total distribution for the calendar year is not explicitly stated, but we can see that the total return for the year is 3.2%. In contrast, the fund in Example 2 has a YTD total return of -0.8%.

Here are some key statistics about distributions from the article:

The dividend yield is another important metric to consider when evaluating distributions. In Example 3, the fund's dividend yield is 2.89%, which is higher than the category low of 0.00% but lower than the category high of 14.51%.